| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.5B | $3.0B | 0.2% | 16.3% |
| Op. Income | $630M | $585M | $652M | 7.7% | -3.4% |
| Gross Margin | 85.1% | 85.7% | 91.5% | -0.6pp | -6.4pp |
| Net Margin | 14.3% | 12.5% | 17.0% | 1.8pp | -2.7pp |
| EPS (Diluted) | $2.32 | $2.02 | $2.30 | 14.9% | 0.9% |
| Free Cash Flow | $493M | $383M | -$3.2B | 28.7% | 115.6% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $519M |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.9B |
| SG&A Expenses | $1.9B |
| Other Expenses | $410M |
| Operating Expenses | $2.3B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $630M |
| Interest Income | $1.1B |
| Interest Expense | $507M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $630M |
| Income Tax Expense | $132M |
| Net Income from Continuing Ops | $498M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $498M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $496M |
| D&A | $42M |
| EBIT | $630M |
| EBITDA | $672M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $519M |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.9B |
| SG&A Expenses | $1.9B |
| Other Expenses | $410M |
| Operating Expenses | $2.3B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $630M |
| Interest Income | $1.1B |
| Interest Expense | $507M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $630M |
| Income Tax Expense | $132M |
| Net Income from Continuing Ops | $498M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $498M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $496M |
| D&A | $42M |
| EBIT | $630M |
| EBITDA | $672M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $498M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $90M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | -$197M |
| Change in Working Capital | $119M |
| OPERATING CASH FLOW | $543M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$66M |
| Sales/Maturities of Investments | $295M |
| Other Investing Activities | -$355M |
| NET CASH FROM INVESTING | -$176M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$199M |
| Common Dividends Paid | -$97M |
| Other Financing Activities | $1.2B |
| NET CASH FROM FINANCING | $907M |
| FREE CASH FLOW | $493M |
| Net Change in Cash | $1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.2B |
| Short-Term Investments | $9.3B |
| Net Receivables | $4.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $23.7B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.4B |
| Intangible Assets | $464M |
| Long-Term Investments | $46.3B |
| Tax Assets | $637M |
| Other Non-Current Assets | $6.4B |
| TOTAL NON-CURRENT ASSETS | $56.4B |
| TOTAL ASSETS | $80.1B |
| Account Payables | $5.8B |
| Short-Term Debt | $516M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $56.2B |
| TOTAL CURRENT LIABILITIES | $62.5B |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.7B |
| TOTAL NON-CURRENT LIABILITIES | $6.9B |
| TOTAL LIABILITIES | $69.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $10.6B |
| Treasury Stock | -$2.4B |
| Accum. Other Comp. Income | -$693M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.8B |
| Minority Interest | -$9M |
| TOTAL EQUITY | $10.8B |
| TOTAL LIABILITIES & EQUITY | $80.1B |
| Total Debt | $3.7B |
| Net Debt | -$6.6B |
